iPhone 5 rumors: Apple CEO Tim Cook hints at next iPhone

According to the CNET, Cook answered some questions from a reporter who questioned him on iPhone 5 rumors.

“Can you talk a little bit about that? What’s the sequential change in margins you’re talking about, and how much do you expect to get back in the December quarter?” a Barclays analyst asked about the fall product transition. “Do you have any idea with the iPhone, how much rumors and speculations hurt sales?”

The site notes that the question alluded to the company’s sales in Q4, which are likely to see an increase following the release of the iPhone 5 in the fall.

“It’s difficult to sort out. I am fairly convinced that there’s an incredible anticipation out there for a future product,” Cook responded. “And as you would expect given what we would be able to deliver in the past…it’s a reasonable amount. In terms of channel inventory, we put our current thinking in the guidance [CFO Peter Oppenheimer] provided you.”